Apple Plans to Start Selling Online in India Next Month
Apple Inc. is poised to open an online store for the first time in India next month, according to a person with knowledge of the matter, taking advantage of a relaxation of once-strict prohibitions against foreign direct retail, bloomberg reported
Online store will be ready for operations just ahead of the festive Dussehra-Diwali spending season, had originally planned to start online sales within months after the government relaxed the rule last year, those plans were disrupted by the coronavirus pandemic.
India’s 1.3 billion people represents a large, under-served smartphone market that is becoming an increasingly important focus for Apple even as the pandemic raged this year. The iPhone maker, which has just made history by surpassing $2 trillion in market value, is boosting investments in the South Asian country to reduce its dependence on China both as a market and manufacturing base amid escalating tensions between Washington and Beijing.